POSC 476 Lecture Notes - Lecture 5: Socialist Market Economy, Liberal Democracy
8 Oct 2018
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Document Summary
The rise of china and the fall of the free trade" myth- mishra (2018)- article review. This article gives the reader an insight into the continuing debate of the aftermath of the fall of communism due to the upsurge of capitalist liberal democracy. Mishra established this through the depiction of china"s economic success diachronically, in comparison to america economic history. The article argues that nations can improve their economics by diminishing the role of the government in the economy. This engaging article captured economic history, particularly the contribution from. Friedman; who was an influential proponent of free trade. As well as coining in on how other countries in asia such as japan, obtained economic primacy . Through reading the article, one sentence stuck out to me but to grasps china"s economic achievement and its ramification why has a market economy directed by a communist state become the world"s second-largest? .
